Larry Summers, Obama’s chief economic adviser, is going back to Harvard by the end of the year. While I don’t wish him ill, I am happy he is leaving. He was the Keynesian kingpin in the Obama Administration and shaped much of the destructive policies that have thwarted economic recovery. The son of econ professors and nephew of Neo-Keynesian-in-Chief Paul Samuelson, he and the country need a rest. I have been rather merciless to him, so there is a bit of schadenfreude at his departure since I’ll be losing a favorite target.
Don’t worry about Larry. You can rest assured that he’ll find some lucrative post at a Goldman or BlackRock and make millions trading on his insider connections. You know, the Wall Street-Washington Economic Complex’s revolving door.
Larry, shut the door behind you.